Piper Sandler Issues Pessimistic Forecast for Trupanion (NASDAQ:TRUP) Stock Price

Trupanion (NASDAQ:TRUP - Get Free Report) had its target price cut by equities research analysts at Piper Sandler from $57.00 to $52.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price objective suggests a potential upside of 57.81% from the stock's previous close.

Other analysts have also issued reports about the company. Northland Securities boosted their target price on Trupanion from $45.00 to $50.00 and gave the company a "market perform" rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their target price on Trupanion from $42.00 to $44.00 and gave the company a "hold" rating in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Trupanion has an average rating of "Moderate Buy" and a consensus price target of $46.60.

Trupanion Price Performance

Shares of TRUP traded down $2.45 during trading hours on Thursday, reaching $32.95. The stock had a trading volume of 1,785,171 shares, compared to its average volume of 630,090. The stock has a market capitalization of $1.40 billion, a PE ratio of -143.26, a PEG ratio of 8.29 and a beta of 1.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion has a 12 month low of $19.69 and a 12 month high of $57.90. The company's 50-day moving average is $48.04 and its two-hundred day moving average is $47.89.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The company had revenue of $337.31 million for the quarter, compared to the consensus estimate of $335.41 million. Trupanion had a negative return on equity of 3.11% and a negative net margin of 0.75%. Research analysts expect that Trupanion will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the sale, the chief financial officer now directly owns 9,867 shares of the company's stock, valued at approximately $519,102.87. The trade was a 5.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Emily Dreyer sold 900 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $54.55, for a total value of $49,095.00. Following the sale, the senior vice president now directly owns 23,808 shares of the company's stock, valued at $1,298,726.40. This represents a 3.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,581 shares of company stock valued at $615,159. Corporate insiders own 5.50% of the company's stock.

Hedge Funds Weigh In On Trupanion

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of Trupanion in the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its holdings in shares of Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. Quest Partners LLC bought a new position in shares of Trupanion in the third quarter valued at approximately $37,000. Quarry LP bought a new position in shares of Trupanion in the fourth quarter valued at approximately $39,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Trupanion in the third quarter valued at approximately $54,000.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.